#Bitcoin is up 13% since the Feb 27 conflict outbreak, outperforming gold and #tech stocks (IGV). The correlation with IGV finally started to break. Yet #perp funding rates remain negative, the longest stretch since the 2022 bear market bottom based on the 30-day average annualized funding rate. The decoupling narrative is back, and it is not leverage-driven. #Perp funding rates remain negative, indicating leveraged longs are not leading this move. Spot demand is driving the rally. #CryptoRealtime


$BTC
BTC2,43%
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